“The autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement”. Examine where does RBI stand in terms of autonomy? (150 Words/ 10 Marks)

Sources: //economictimes.indiatimes.com/articleshow/66453781.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst   https://www.thehindu.com/business/Economy/autonomy-of-rbi-essential-nurtured-by-govt-finance-ministry/article25378028.ece   Introduction: Recently, the debate over independence functioning of RBI has been one of the hot topics. The contention is mainly about RBI seeking more power to control bad loans, regulating banking actions including powers to remove chairmen, directors or CEOs of state owned banks. Both the Government and the RBI … Continue reading “The autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement”. Examine where does RBI stand in terms of autonomy? (150 Words/ 10 Marks)